Chase auto finance - What happens if we do not pay for few months?

Does anyone know what rights we have on our car loan if we are late and havnt been able to pay in a few months we did not expect to loose half our income only 2yrs after starting the loan is there a way to renegociate payments and the lenght of the loan?

With
the current state of the economy, more and more mortgage and car loan
companies are willing to help wiht flexible terms and payment plans. The
long term goal is for you to pay so I would call them, explain the
situation and see what they can do.

They
can't repo a vechile in less it in over 60 days past due. Chase has been
sued in the past for repo'ing before that day and it caused a lot of bad
publicity so they are no longer allowed to do it. The auto loans
department is very helpfull as long as you call them and ask for help.
Try getting a hold of a team lead or a supervisor for
assistance.

I live
In NC and Prestige Financial is based out of Utah who we have out auto
loan with. They call us the day the payment is due, and will repo it if
you are 5 minutes late. They have been the biggest the nightmare of my
life.
So I believe that if you are late they can get the car, without warning
because it should be stated in a contract what the consequences will be
if you default!

Sub: #7 posted on Mon, 10/13/2008 - 19:16

Unregistered

Chase
is a nightmare to deal with. I had a vehicle loan through them for
$12,000. I paid them every month OVER the minimum for 2 years. Then I
lost my job and everything went to hell. I called to see what help they
could offer me and all I got was "tough luck". They said once I was a
month or two behind they could enter me into a hardship program where
the payments would be tacked onto the back of my loan. So, considering
this to be true, thats what I did. 60 days came and I called in to enter
into the hardship program. Then they said they needed a $350 deposit
which I didn't have... 2 days later my car was gone. Within 45 days it
was sold for $3,000. The kelly blue book of my vehicle was $6,000 if it
was in POOR condition. Mine was in excellent condition. But they sold it
for $3,000 so now I'm stuck with $8,000 worth of payment for a car I
don't have, because a rep LIED to me.

Now they won't take payments on that, they sent a letter stating they
want $8,000 in 10 days. If I had that then I wouldn't have fallen
behind. You can't squeeze blood from a stone!

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